unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014 … exists a cross-sectional dependence across the countries. The Pedroni’s panel cointegration analysis provides clear support …This paper aims to investigate the long-run relationship between financial development and economic growth using panel …

African stock exchanges for the period 2008-2017 and employed the panel ARDL bounds testing procedure to test for … the causal relationship between ICT adoption and stock market development in Africa. The study examined a panel of 11 … cointegration and examine the causal relationship between ICT adoption and stock market development. The dependent variable employed …

impact Nigeria's economic growth; and (iii) analyzed the direction of causality among the three macroeconomic variables …. Descriptive statistics, time series autoregressive distributive lag, and robust Granger causality tests were adopted as the … servicing continued to grow on an upward trajectory, and the growth of the GDP has been meandering. ARDL analysis results …

and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …